This property looks like a bad Long-Term investment with a projected -3.32% first-year return on $75,495 initial cash invested.
-3.32%
Cash On Cash
5.98%
Cap Rate
0.96
DSCR
$2,863
Rent
-$209
Cashflow
Cash Flow
$2,863 income − $3,072 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,495
Downpayment
20%
$71,900
Closing costs
1%
$3,595
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,863
Total Expenses
$3,072
Mortgage P&I
65%
$1,857
Property Taxes
12%
$345
Home Insurance
4%
$126
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0